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Shaking Up Measures Of Consumer Economic Wellbeing.
・ISBN 978-981-12-4978-5 hard US$ 58.00
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電子版あり 大学・学術機関向け電子ブック（eBook）ISBN 978-981-12-5179-5
| 著者・編者 | ten Raa, Thijs, |
|---|---|
| 出版社 | (World Scientific, SI) |
| 出版年月 | 2022.05 |
| ページ数 | 100 pp. |
| 言語 | ENG |
| ニュース番号 | ＜673-219＞ |
解説
In this book the author analyzes measures of consumer well-being. The three main, neoclassical measures of well-being are the compensating variation, the equivalent variation, and consumer's surplus. The question is which of the measures of consumer well-being is the best. This book tackles the question, with a surprising outcome that is contrary to the main opinion in the literature. Prof ten Raa presents a test that measures must pass to track utility. The test will be used to sort measures in the remainder of the book. It will culminate in a variant of consumer's surplus, which he calls the consumer's index, and a generalization that applies to nonhomothetic demands. Variants of the consumer's index are presented, including ones that are applicable to demand functions with income effects, even nonlinear ones. So-called broad measures of consumer well-being, such as the Human Development Index, will be encompassed.